CL255 Food and Beverage Operations Management

Week Six: August 15th, 2011

MAST Test: no class notes.

Week Seven: August 22nd, 2011

Team wine presentations. See Wine Presentations

Week Eight: August 29th, 2011

As an owner, if you're working in your business, you need to pay yourself a salary, so that the numbers aren't skewed later on.

Fixed Costs (Change over time)
    Manager's salary
    Rent
    Utilities
    Insurance
    Pest Control
    Subscriptions
    Licensing
    Debt

Variable Costs (Change with sales)
    Food
    Beverage
    Hourly Labor
    Linens
    Paper
    Chemicals

Revenues
    Traffic (covers)
    Average amount a person spends (average sales)

Contribution Margin
    Money earned which is first used to pay things like fixed costs. After fixed costs are paid, that money becomes profit.

Break Even=Fixed costs/Contribution Margin

Week Nine: September 5th, 2011

Labor Day: No Class